Commonwealth Fusion Systems raises $84m in A2 round

26 May 2020

Commonwealth Fusion Systems (CFS) secures $84m in A2 funding led by Temasek, with new investors Equinor and Devonshire Investors joining. The funding will advance the development of high-temperature superconducting magnets and the net-energy-gain fusion system, 'SPARC'. It will also support the growth of capabilities and business development for various commercial uses of HTS magnets.

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Lead investors: Temasek
Fusion approach: Magnetic Confinement, Tokamak
Country/Region: USA
Tags: Breakthrough Energy Ventures, Commonwealth Fusion Systems, End Next, Eni, Equinor Ventures, Fidelity, FMR LLC, Future Ventures, Hostplus, Khosla Ventures, Moore Strategic Ventures, Safar Partners, Schooner Capital, Starlight Ventures, Temasek, The Engine